July 18, 2026 03:06 am (IST)
Follow us:
ASSOCHAM urges central trade unions to call of the strike
New Delhi, Sept 2 (IBNS): Apex industry body ASSOCHAM on Wednesday urged the central trade unions to call off their one-day nationwide strike as it is likely to seriously affect the functioning of various essential services like banking, power supply, oil & gas, transport, warehousing and other vital public services causing seismic effect on India's economy.
“Financial impact of the disruption of essential services might lead to an estimated loss of over Rs 25,000 crore to the economy thereby taking into account the numerous direct and indirect losses,” said D.S. Rawat, secretary general of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
“The strike is likely to hit industrial activity due to poor workers' attendance, besides footfall in retail trading markets will fall as the walkout will severely impact public transport and with bank employees remaining on strike it will affect operations at the banks,” said Rawat.
“A big jolt would accrue to the export cargo thereby throwing crucial delivery schedule to haywire, besides with exports being under pressure, such things like strike would give a further setback,” he said.
“Worst affected would be the poor daily wage earners whose plight cannot be assessed in monetary terms,” added Rawat.
“Labour reforms are necessary and the government should intervene to come to an agreeable solution in the interest of the industry and the nation as a whole,” he said.
“Somehow, the trade unions and other stakeholders need to get a feeling of reassurance that labour reforms are meant to enhance employment opportunities and not take away the jobs and that overall objective is to strengthen jobs because it is only through enhanced consumer power that the industry can grow,” he added.
“Immediate efforts must be made at the macro policy level to ensure that process of economic reforms, of which labour laws are an important component is not adversely affected,” Rawat further said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Reliance Industries posts record quarterly revenue of ₹3.4 lakh crore, Jio IPO on the horizon
Fri, Jul 17 2026
TCS, Google Cloud launch Gemini Experience Center in Kolkata
Fri, Jul 17 2026
Uber makes massive $14.8 billion bet to take over Delivery Hero
Fri, Jul 17 2026
CEAT shares crash over 9% after tyre maker's Q1 profit plunges 96%
Fri, Jul 17 2026